Nedbank confirms Strandline backing

NEDBANK has signed on to underwrite the US$26 million debt funding requirement for Strandline Resources’ Fungoni mineral sands project in Tanzania following an extensive six-month due diligence process.

Nedbank confirms Strandline backing Nedbank confirms Strandline backing Nedbank confirms Strandline backing Nedbank confirms Strandline backing Nedbank confirms Strandline backing

Fungoni is poised to begin construction.

The terms sheet for the five-year credit facility will meet a considerable amount of the project's capital requirements now estimated at $35 million, with Strandline describing the terms as

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